LOS ANGELES (AP) — Live Nation has announced plans to raise capital with the sale of $225 million in corporate bonds with JPMorgan facilitating the deal.
According to an SEC filing by the company, Live Nation plans to use the money, along with a new $100 million term loan under its senior secured credit facility to redeem outstanding debt as well as pay for general business expenses.
Of course, these bonds aren't available to the average joe, but only to "qualified institutional buyers" in the U.S. and may restrict the company's ability to merge, consolidate or sell substantially all of their assets. – CelebrityAccess Staff Writers
